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  • #40,781
  • Oct 22, 2008 4:51am Oct 22, 2008 4:51am
I think I need a brandy.
  • #40,782
  • Oct 22, 2008 4:55am Oct 22, 2008 4:55am
Do not I understand why does a dollar become stronger? From oil which cheap?
  • #40,783
  • Oct 22, 2008 5:04am Oct 22, 2008 5:04am
We'll be putting this one in the books, but I'm not entirely sure yet what all we'll remember it for. We have 3 days yet to muddle thru. I keep shorting the retraces and I keep making pips. Lots of them. Knocked off for an hour at 4:30am, saw a couple 62ema hits on the 5m as I was stepping away, hit sell and laid down.

That was 140 pips ago on EJ and 60 on EU. Just shorted a 5m gann hit on a GY retrace and less than 2 candles later it's +50 and looks to be heading for the deck. I'm getting numb here and so I'm gonna knock off.

This little Eu chart is a thing of beauty... Short (pro-trend) the 89sma hits (pink line) to the LTL (lower trend line) and do the math.. And if it does poke it's head up too far and you get scared, you've got the 62 and 34 ma's to catch you. Classic. And I've just been sitting here zoned out watching it... unbelievable.

To the new traders, if you honestly can't trade this market right now, and you really know that, then you're smarter than I was when I started. There's nothing to keep you from watching, learning, and taking notes tho.

There will be more of that kind of thing to come this week and the next. Maybe even for some time to come. If any of us are still stuck in the "way it used to be", there's a little window of opportunity still open to get over it. I love it. This is why I trade. I get my lunch eaten or worse if I get sloppy, but I love it. What I don't know would fill volumes. What I do know is usually enough to pinch a few pips. Works for me.

Careful trades all. Be back tonite and we'll do it again.
Attached Image
FUBAR...
  • #40,784
  • Oct 22, 2008 5:14am Oct 22, 2008 5:14am
Good supervision under the technical analysis. But how to be with economy? The economy of the USA now weak, and dollar grows! It be simple cannot!
  • #40,785
  • Oct 22, 2008 5:17am Oct 22, 2008 5:17am
Quoting ak4x
We'll be putting this one in the books, but I'm not entirely sure yet what all we'll remember it for. We have 3 days yet to muddle thru. I keep shorting the retraces and I keep making pips. Lots of them. Knocked off for an hour at 4:30am, saw a couple 62ema hits on the 5m as I was stepping away, hit sell and laid down.

That was 140 pips ago on EJ and 60 on EU. Just shorted a 5m gann hit on a GY retrace and less than 2 candles later it's +50 and looks to be heading for the deck. I'm getting numb here and so I'm gonna knock off.

This little Eu chart is a thing of beauty... Short (pro-trend) the 89sma hits (pink line) to the LTL (lower trend line) and do the math.. And if it does poke it's head up too far and you get scared, you've got the 62 and 34 ma's to catch you. Classic. And I've just been sitting here zoned out watching it... unbelievable.

To the new traders, if you honestly can't trade this market right now, and you really know that, then you're smarter than I was when I started. There's nothing to keep you from watching, learning, and taking notes tho.

There will be more of that kind of thing to come this week and the next. Maybe even for some time to come. If any of us are still stuck in the "way it used to be", there's a little window of opportunity still open to get over it. I love it. This is why I trade. I get my lunch eaten or worse if I get sloppy, but I love it. What I don't know would fill volumes. What I do know is usually enough to pinch a few pips. Works for me.

Careful trades all. Be back tonite and we'll do it again.
pls enlighten me on what conditions are met for you to trade the 62ema thingy
  • #40,786
  • Oct 22, 2008 5:24am Oct 22, 2008 5:24am
Quoting bayoor
pls enlighten me on what conditions are met for you to trade the 62ema thingy
it hits the pink line thingy, i would go short. it hits the red trend line thingy on the bottom, I'd close the trade for 30 to 40 pips. i wait for it to hit the pink thingy again, and we start over until it runs outa gas. that better?

if you're really brave ( i used to be but i'm not any more) you'd trade it both ways. just don't try that at home.
FUBAR...
  • #40,787
  • Oct 22, 2008 5:27am Oct 22, 2008 5:27am
Quoting bowman
Good supervision under the technical analysis. But how to be with economy? The economy of the USA now weak, and dollar grows! It be simple cannot!
ok it's not.

i'm outa here.
FUBAR...
  • #40,788
  • Oct 22, 2008 5:37am Oct 22, 2008 5:37am
Quoting ak4x
We'll be putting this one in the books, but I'm not entirely sure yet what all we'll remember it for. We have 3 days yet to muddle thru. I keep shorting the retraces and I keep making pips. Lots of them. Knocked off for an hour at 4:30am, saw a couple 62ema hits on the 5m as I was stepping away, hit sell and laid down.

That was 140 pips ago on EJ and 60 on EU. Just shorted a 5m gann hit on a GY retrace and less than 2 candles later it's +50 and looks to be heading for the deck. I'm getting numb here and so I'm gonna knock off.

This little Eu chart is a thing of beauty... Short (pro-trend) the 89sma hits (pink line) to the LTL (lower trend line) and do the math.. And if it does poke it's head up too far and you get scared, you've got the 62 and 34 ma's to catch you. Classic. And I've just been sitting here zoned out watching it... unbelievable.

To the new traders, if you honestly can't trade this market right now, and you really know that, then you're smarter than I was when I started. There's nothing to keep you from watching, learning, and taking notes tho.

There will be more of that kind of thing to come this week and the next. Maybe even for some time to come. If any of us are still stuck in the \"way it used to be\", there's a little window of opportunity still open to get over it. I love it. This is why I trade. I get my lunch eaten or worse if I get sloppy, but I love it. What I don't know would fill volumes. What I do know is usually enough to pinch a few pips. Works for me.

Careful trades all. Be back tonite and we'll do it again.


what is the best platform to use to trade forex?
  • #40,789
  • Edited 5:55am Oct 22, 2008 5:45am | Edited 5:55am
COme on break out to the topside... everyone and their uncle is crying short EURUSD, there has to be some pain for them too

edit: seems to be finding resistance on the 10 SMA on the hourly...need a break above there for longs.
  • #40,790
  • Oct 22, 2008 6:01am Oct 22, 2008 6:01am
Quoting bowman
Good supervision under the technical analysis. But how to be with economy? The economy of the USA now weak, and dollar grows! It be simple cannot!
All hose giltters were not gold & even the gold itself as the world's economy thrown into global recession with US as a cause so old is gold ,all back to pavilion to the most safest US now again. simple to save it & save the world.

fotnu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #40,791
  • Oct 22, 2008 6:02am Oct 22, 2008 6:02am
Analysts in confusion. One speak upwards, others speak downwards.
  • #40,792
  • Oct 22, 2008 6:06am Oct 22, 2008 6:06am
Quoting bowman
Analysts in confusion. One speak upwards, others speak downwards.
Whoever says upwards is a lying bastard.
  • #40,793
  • Oct 22, 2008 6:11am Oct 22, 2008 6:11am
Quoting Big Wave Rider
First off welcome to F.F
Second my \"theory\" behind this move is this: Traders need to make money, banks need to make money. Right now is a very hard time for both to make money. Now find a clearly defined trend with opportunity then everybody and their mothers jumps on the bandwagon in hopes to make a profit, thus creating a bubble. The dollar is the next bubble so ride it until it pops then short the crap out of it. Thats my funnymental theory. The trend supplied the demand to make a buck and people got greedy. Now we wait for the fear.
The bubble was the Euro and now we are taking advantage of that fact.
  • #40,794
  • Oct 22, 2008 6:12am Oct 22, 2008 6:12am
Quoting bowman
Analysts in confusion. One speak upwards, others speak downwards.
Why not me again , after the wave iv diagonal triangle formation it should follow the rest of the wave that is to form the last sub-wave v of the main wave 5 to complete apparently the downtrend now .

so another 300 pips to go down at least .we will see soon & in wave iv it perhaps to reach more up before break above 1.3 level , still the complex to finish in the corrective wave of iv running.

waiting some sorts of news to initiate whatever it be positive or negative does not matter.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #40,795
  • Oct 22, 2008 6:14am Oct 22, 2008 6:14am
Quoting bowman
Good supervision under the technical analysis. But how to be with economy? The economy of the USA now weak, and dollar grows! It be simple cannot!
It is simple can. Whether you or I or anyone else likes it or not. Price doesn't lie. It takes no side. And remember Eurozone economy is headed into worse shape period than the US and forget about Japan altogether.
  • #40,796
  • Oct 22, 2008 6:15am Oct 22, 2008 6:15am
Quoting TIckerShuffl
COme on break out to the topside... everyone and their uncle is crying short EURUSD, there has to be some pain for them too

edit: seems to be finding resistance on the 10 SMA on the hourly...need a break above there for longs.

Don't fret ticker. Longs will be the way to go in the near future..

Commodities will soon make a roaring comeback and the greenback will suffer greatly
"Timing Is Everything. Really I Swear It Is"
  • #40,797
  • Oct 22, 2008 6:19am Oct 22, 2008 6:19am
is it just me or is this a really quite beginning of a NY session?

I would think there would have been some sort of sloshing up or down
--post hoc ergo propter hoc--
  • #40,798
  • Oct 22, 2008 6:23am Oct 22, 2008 6:23am
The Euro buddy, Crude Oil is down another $3 and a new 15 month low of $68.475.

Wonder if Iran started pricing in Euro's and if they have 2nd thoughts.
  • #40,799
  • Oct 22, 2008 6:25am Oct 22, 2008 6:25am
Quoting SunTrader
The Euro buddy, Crude Oil is down another $3 and a new 15 month low of $68.475.

Wonder if Iran started pricing in Euro's and if they have 2nd thoughts.

I am loving these levels to buy ALL commodities.

See me in 3 months.
"Timing Is Everything. Really I Swear It Is"
  • #40,800
  • Oct 22, 2008 6:27am Oct 22, 2008 6:27am
Quoting SunTrader
The bubble was the Euro and now we are taking advantage of that fact.
I'm not so sure about the bubble is just euro. See the lines below this chart, it is multipair ROC (rate of change %) of 20 days.

Euro is not the worst (or the best) currency by any means. I'm staying out of it at the moment because there are weaker and stronger pairs and concentrating on them (currently two I'm trading are long AUDCAD and short CADJPY)

edit: euro is blue, dollar white, jpy red, cad green and aud gray
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